Hotel101 Global (NASDAQ:HBNB) Trading 6.1% Higher – Still a Buy?

Shares of Hotel101 Global Holdings Corp. (NASDAQ:HBNB) traded up 6.1% during trading on Tuesday . The company traded as high as $8.30 and last traded at $8.30. 8,338 shares were traded during trading, a decline of 63% from the average session volume of 22,396 shares. The stock had previously closed at $7.82.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HBNB. Wall Street Zen upgraded shares of Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. Weiss Ratings began coverage on Hotel101 Global in a research report on Monday, January 5th. They set a “sell (d)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hotel101 Global has a consensus rating of “Sell”.

Hotel101 Global Price Performance

The business has a fifty day moving average price of $7.85.

Hedge Funds Weigh In On Hotel101 Global

Several hedge funds and other institutional investors have recently made changes to their positions in HBNB. Yakira Capital Management Inc. acquired a new position in shares of Hotel101 Global during the 3rd quarter worth approximately $32,000. Polar Asset Management Partners Inc. bought a new position in Hotel101 Global during the 3rd quarter worth $88,000. Citadel Advisors LLC bought a new position in shares of Hotel101 Global in the third quarter worth $43,000. Hudson Bay Capital Management LP bought a new position in Hotel101 Global in the 3rd quarter valued at about $62,000. Finally, Alterna Wealth Management Inc. acquired a new position in Hotel101 Global during the fourth quarter valued at approximately $154,000.

Hotel101 Global Company Profile

Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.

Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.